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Cryptocurrency Market Turns into Bloodbath as Bitcoin Price Slips Below $10,000

Bitcoin has increased its market share despite nose-diving below $10,000

After steadily hovering above $10,000,Bitcoinhas just plunged below this pivotal mark. According to CoinMarketCap data, the top currency is down 4 percent over the last 24 hours, but its market dominance has actually increased to 69.3 percent.

Forbes: Five Reasons Bitcoin Price Went Below $10,000

As expected, altcoins have been hit even harder.EOShas experienced a 9 percent drop, which is the biggest daily loss among the top 10 coins.

Overall, there are very few coins within the CMC top 100 that stayed above the fray, which means that an alt seasons is probablynot coming anytime soon.

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. Hes particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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